The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.

The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes
sound financial and economic decisions through community development and education programs.

The Federal Reserve Bank of New York today launched a series of interactive maps and charts that display school spending and its various components across all thirty-two New York City Community School Districts.

The data aim to inform policymakers, educators and parents by illustrating the progression of various school spending indicators over time. It shows the variability in school spending across New York City Community School Districts and boroughs. Users can specifically observe the differences among spending categories, such as instructional spending, instructional support, and leadership support, from 2004 to 2012.

Notable findings include:

There are marked differences in school spending across boroughs. For example, the Bronx had the highest spending per pupil at more than $18,000 during the 2011-2012 school year. Queens had the lowest at just below $16,000.

There are also differences among Community Schools Districts, even within the same borough. In 2012, the highest spending New York City Community School District spent almost $5,000 more per pupil (24 percent) than the lowest spending one.

Total spending per pupil has increased steadily in New York City Community School Districts during the 2000s. Total spending grew by 23 percent (almost $3,500 per pupil) between 2004 and 2012.